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                                                                    EXHIBIT 10.7

                      TERMS OF AGREEMENT BETWEEN HOLLINGER

                       INTERNATIONAL INC. AND THE RECEIVER

1. Hollinger International Inc. ("International") agrees to waive the
application of its shareholder rights plan or otherwise take steps to permit RSM
Richter Inc. ("RSM Richter"), as court appointed receiver and monitor (the
"Receiver") of The Ravelston Corporation Limited ("Ravelston") and Ravelston
Management Inc. ("Management"), to take possession and control of the shares
(collectively, the "Shares") of Hollinger Inc. ("Inc.") held directly by
Ravelston and held indirectly by Ravelston through its subsidiaries Argus
Corporation Limited ("Argus"), 509643 N.B. Inc., 509644 N.B. Inc., 509645 N.B.
Inc., 509646 N.B. Inc., 509647 N.B. Inc. (collectively, the "NB Subs").
International confirms to RSM Richter that in and of itself a sale, pledge,
conveyance or other realization on Inc. shares as contemplated in paragraph 4
below by RSM Richter, in its capacity as Receiver, will not trigger
International's shareholder rights plan so long as any such transaction does not
result in Inc. ceasing to be a Subsidiary (as defined in the shareholder rights
plan) of Ravelston.

2. The Receiver acknowledges that it is restricted by the Ontario Securities
Commission's (the "Commission") International and Inc. Management Cease Trade
Orders (and any other applicable Management Cease Trade Orders) (collectively,
the "MCTOs") in the same manner as Ravelston and the subsidiaries of Ravelston
identified in paragraph 1, above.

3. International will not object to RSM Richter being appointed by the Ontario
Superior Court of Justice (Commercial List) (the "Court") as the receiver of
Argus and the NB Subs should RSM Richter determine that it is necessary or
appropriate to be appointed as the receiver of any or all such entities. If an
order of the Court is made appointing RSM Richter as receiver of Argus and/or
some or all of the N.B. Subs, this agreement also will bind RSM Richter in its
capacity as receiver and monitor of those entities and will apply to those
entities to the extent not already bound, mutatis mutandis.

4. RSM Richter has advised International that the Receiver requires funding to
carry out its responsibilities. The Receiver has advised International that the
Receiver is exploring a variety of methods to obtain funding for the
receivership, including the possible sale, pledge, conveyance or other
realization of Shares currently subject to the MCTOs. International will not
object to the Receiver's efforts to obtain necessary orders or exemptions from
the Commission or other relevant securities regulatory authorities if the
Receiver determines that it is necessary or appropriate to seek relief from the
Commission or other relevant securities regulatory authorities in respect of one
or more of the MCTOs to sell, pledge, convey or otherwise realize on sufficient
Shares to realize net proceeds of up to $10 million from the commercially
reasonable sale, pledge, conveyance or other realization of the Shares (the
"Share Transaction"). The Receiver shall use its best efforts to effect the
Share Transaction in a commercially reasonable manner. It is acknowledged that
the Receiver may wish to sell, pledge, convey or otherwise realize on further
Shares than herein provided and, if so, will seek the consent of International
to any such sale, pledge, conveyance or other realization.
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5. The funding obtained by the Receiver to carry out its responsibilities (the
"Funding"), including without limitation (i) any proceeds received on the sale,
pledge, conveyance or other realization of the Shares, (ii) any proceeds
received on sale, pledge, conveyance or other realization of other assets of the
Ravelston or Management estates (which includes the assets and estates of any
subsidiary of Ravelston made subject to the receivership order made on April 20,
2005, as contemplated by paragraph 29 of that order), will be used to the extent
required to fund the costs of the receivership, including the costs of the
Receiver and the Receiver's counsel and other advisors engaged by the Receiver,
with any surplus to be distributed to holders of proven claims as finally
determined in a claims process approved by order of the Court or as otherwise
approved by the Court on reasonable prior notice to International (the "Claims
Process").

6. For greater certainty, and provided that nothing in this agreement shall
prohibit the Receiver from making payments on account of claims finally
determined in the Claims Process, the Receiver will not use any of the Funding:

          (a)  subject to paragraph 7, below, to pay salaries, bonuses or any
               other compensation or make any shareholder distributions directly
               or indirectly to or for the benefit of Conrad Black ("Black"),
               Barbara Amiel Black ("Amiel Black"), Jack Boultbee ("Boultbee"),
               Daniel Colson ("Colson"), David Radler ("Radler") or Peter White
               ("White") or any other persons known by the Receiver to be direct
               or indirect shareholders of Ravelston (collectively, the "Other
               Known Shareholders");

          (b)  except for or on account of the cost sharing arrangement pursuant
               to a joint defence agreement among defendants to the action
               commenced by International against Inc., Ravelston, Management,
               Black, Amiel Black, Boultbee, Colson, Richard Perle and Radler in
               the U.S. District Court for the Northern District of Illinois,
               Case No. 04C-0698 (the "Special Committee Action") to which
               agreement Ravelston and Management are parties, to pay the
               litigation costs of Black, Amiel Black, Boultbee, Colson, Radler,
               White or any Other Known Shareholder in any civil, criminal,
               insolvency or regulatory proceedings arising out of or relating
               to their conduct as directors or officers of Ravelston or
               otherwise (including advancement of fees and disbursements or
               reimbursement of fees and disbursements);

          (c)  to make any payments on account of or pursuant to indemnities
               granted by Ravelston to Black, Amiel Black, Boultbee, Colson,
               Radler, White or any Other Known Shareholder;

          (d)  subject to paragraphs 7 and 8 below to, (i) pay the costs of one
               or more of Black, Amiel Black, Boultbee, Colson, Radler or White
               in any current and future civil, criminal, insolvency or
               regulatory proceedings relating to International, Inc., Argus or
               Ravelston, or (ii) retain the services of any lawyer or law firm
               that also represents or since January 1, 2002 has represented,
               one or more of Black, Amiel Black, Boultbee, Colson, Radler or
               White in any civil, criminal, insolvency or regulatory
               proceedings relating to International, Inc., Argus or Ravelston
               (provided however that International, upon the request in writing
               of the Receiver, may in its unfettered discretion agree to waive
               the application of this subparagraph


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               6(d)(ii) in whole or in part); or

          (e)  subject to further order of the Court sought on reasonable prior
               notice to International, to make any payments that may be due on
               or to purchase or otherwise acquire directly or indirectly
               debentures issued by Inc.

7. In recognition of the Receiver's assertion that certain persons may have
knowledge and information that will assist the Receiver, the Receiver may engage
Boultbee, White and Harry Burkman ("Burkman") to provide information and/or
services to the Receiver as the Receiver may request as follows:

          (a)  Boultbee through to June 17, 2005 at a rate not to exceed $250
               per hour and thereafter, at negotiated rates according to the
               needs of the Receiver and with the consent of International or in
               accordance with further order of the Court sought on reasonable
               prior notice to International;

          (b)  White and any other person who the Receiver determines may be an
               Other Known Shareholder, at negotiated rates according to the
               needs of the Receiver and with the consent of International or in
               accordance with further order of the Court sought on reasonable
               prior notice to International; and

          (c)  Burkman at Burkman's standard hourly rate for providing legal
               services of the same kind previously provided to Argus and the
               N.B. Subs.

Any engagement of Boultbee for the period through to June 17, 2005 shall be
memorialized in an engagement letter that will be filed by the Receiver with the
Court in the first report that the Receiver files with the Court after that
engagement is made. Any engagement of Boultbee for the period following June 17,
2005 or any engagement of White or an Other Known Shareholder will be
memorialized in a proposed engagement letter that will be furnished to
International for its consent and, if consent is not forthcoming, filed with the
Court on the motion seeking consent to any such engagement.

8. The Receiver may pay for the services of Ogilvy Renault in connection with
the initial filing of Ravelston and Management in the receivership and the CCAA
proceedings, which includes insolvency and securities services, and background
information concerning the litigation involving Ravelston and the Hollinger
group of companies and related parties. Until 60 days after the date of this
agreement, the Receiver may use and pay for the services of Ogilvy Renault in
the areas of insolvency and securities only. Until the end of the same 60-day
period, the Receiver also may use and pay for the litigation services of Ogilvy
Renault in connection with proceedings in the Ontario Superior Court of Justice
in relation to insurance policies under which Ravelston is a named insured and
in relation to the transition of litigation matters to the Receiver's counsel.
Thereafter, the Receiver may not engage Ogilvy Renault to provide professional
services, but the Receiver may make factual inquiries of Ogilvy Renault and pay
for Ogilvy Renault's costs of responding to these factual inquiries, at a cost
not to exceed $20,000 per month, exclusive of GST and reasonable out-of-pocket
disbursements.

9. Without prejudice to any other claims that International may have against
Ravelston or Management, and without prejudice to International's position that
the Special Committee Action is not stayed as to Ravelston and


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Management and that a stay of that action would not be appropriate, the Receiver
will not oppose any orders that may be necessary in Canada, the United States of
America or otherwise to permit the Special Committee Action to continue against
Ravelston and Management. Any final money judgment or final money order made
against Ravelston or Management in that proceeding, subject to further order of
the Court, shall be enforced in and shall constitute a proven claim for the
purpose of Ravelston's and Management's insolvency proceeding in the Court and
International shall not initiate or pursue any enforcement in Ontario or
elsewhere without the prior approval of the Court. Until the earliest of (i) 21
days after the Receiver obtaining one or more orders or exemptions from the
Commission or other relevant securities regulatory authorities contemplated by
paragraph 4, above, (ii) the Receiver electing not to seek orders or exemptions
from the Commission or other relevant securities regulatory authorities
contemplated by paragraph 4, above (in the event that International is not
advised in writing by the Receiver within two months of the date of this
agreement that it has applied to the Commission or other relevant securities
regulatory authorities for an order or exemptions to allow a Share Transaction,
the Receiver shall be deemed to have elected not to seek such order or
exemptions), (iii) 75 days from the date of this agreement, or (iv) further
order of the Court, International will withhold efforts to compel Ravelston's
and Management's compliance, and Ravelston and Management will not be obliged to
comply with their discovery and pleading obligations in the Special Committee
Action. The Receiver will not argue and will not support any argument by
Ravelston or Management that International should be stayed in any way from
pursuing any and all discovery and claims in the Special Committee Action from
or against any and all of the other defendants to that action.

10. Each of the initial receivership and CCAA orders will be amended to include
the following paragraph:

               THIS COURT ORDERS THAT the Collateral (as such term is defined in
               the Cash Collateral and Pledge Agreement (the "Pledge Agreement")
               dated as of March 27, 2003 between The Ravelston Corporation and
               Hollinger International Inc.) pledged by The Ravelston
               Corporation Limited to Hollinger International Inc. pursuant to
               the Pledge Agreement, including funds held in any account created
               pursuant to the Pledge Agreement, and the Receivables (as such
               term is defined in the Assignment of Receivables Arising Under
               the CanWest Management Services Agreement (the "CanWest
               Assignment Agreement") dated as of March 10, 2003 between The
               Ravelston Corporation and Hollinger International Inc.) assigned
               by The Ravelston Corporation Limited to Hollinger International
               Inc. pursuant to the CanWest Assignment Agreement, or any
               property received by Ravelston or the [Receiver/Monitor] in
               substitution therefor or, in compromise therefore or in respect
               thereof, shall be segregated and shall not be utilized by the
               [Receiver/Monitor] for payment of its fees or costs or the costs
               of the estate or be otherwise used, paid or distributed to any
               person without the consent of Hollinger International Inc. or
               further order of this court on a motion brought on at least five
               days' notice to Hollinger International Inc.


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               Notwithstanding the forgoing, nothing herein contained shall
               constitute an acknowledgement as to the validity and
               enforceability of the Pledge Agreement and the CanWest Assignment
               Agreement.

11. These terms are subject to and will be embodied in a court order of the
Court in a form acceptable to International and to the Receiver, acting
reasonably.

May 12, 2005

RSM Richter Inc. in its capacity as court-appointed
Receiver and Monitor of The Ravelston Corporation
Limited and Ravelston Management Inc. per:


/s/ Robert Kofman, VP
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Hollinger International Inc.
By its solicitors Bennett Jones LLP per:


/s/ Bennett Jones LLP per Robert Staley
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